I will gonna be realistic here
- If you feel this is the end of your world then you may be right as you have made this your world, consider this as a course who's outcome is not in your hands thus don't waste your time expecting results
- If you really feel your preparation will not be upto the mark then you are right as how much can one wait till the Institute feels you are elegible to be its memeber, still don't go the way that I will drop or will stop my preparation or will prepare the same way as before as it will make no differnce in your results, what I did was to change the way I study, What you should do is the same but the question is How to implement it and that is totally subjective. You can apply for mocks and do mocks while you can also prepare for something else simultaneouusly
- Something else: Read this /articles/alternate-career-options-other-than-or-after-the-ca-course-30597.asp